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Global Pea Protein Market Size, Industry Trends, Share and Forecast 2020-2026

The global pea protein market is estimated to grow at a CAGR of nearly more than 9.6% during the forecast period. Rising demand for dietary supplements and emerging adoption of gluten-free products is contributing to the growth of the market. The rising number of sports professionals following gluten-free diets and increasing preference of individuals towards gluten-free products are some key factors encouraging the market growth. A large proportion of people have shifted their focus towards gluten-free diets as they believe that it is a healthy option to reduce the risk of gastrointestinal problems. People tend to be more engaged in workouts and exercises and thus, avoiding or reducing gluten-based foods in their diets to gain proper nutrition and feel energetic in a whole day.

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Global Pea Protein Market Size, Industry Trends, Share and Forecast 2020-2026

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  1. Orion Market Research Global Pea Protein Market:Industry Growth, Size, Share and Forecast 2020-2026 Request a Free Report on Sample Global Pea Protein Market @ https://www.omrglobal.com/request- sample/pea-protein-market ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780304040

  2. The global pea protein market is estimated to grow at a CAGR of more than 9.6% during the forecast period. There is a considerable opportunity in the market owing to the emerging demand for dietary supplements and shifting focus towards gluten-free products. Increasing prevalence of celiac diseases and a rising number of the gluten-sensitive population have led the demand for pea protein that can be used in gluten-free dairy alternatives to enhance the nutritional content of the product. Owing to its increasing significance in dairy alternatives, dietary supplement, and meat substitute, the market players are working to expand the range of their product portfolio, acquire related firms, and conduct partnerships and collaborations to strengthen their position in the market. Some key strategies adopted by the market players include- In June 2020, Kerry Group plc declared the expansion of its range of nutritional plant protein. This will widen Kerry’s application of proteins in food and beverages (F&B). There is an emerging consumers’ demand for tastier plant-based choices in several popular items, including nutritional bars, juices, waters, yogurts, and smoothies. As a result, Kerry’s ingredients will support to cope up with this demand by offering new and tasty plant-based alternatives. The latest protein offerings of the company are allergen-free and plant-based, with organic options available, which is appropriate for a broad range of creative F&B applications. These contain protein from sunflower, pea, and rice sources that fulfill the escalating demand for vegetarian, organic, and conventional products as well as offers a neutral taste, solubility, and dispersibility. In February 2020, Kerry acquired Pevesa Biotech, a Spain-based firm engaged in organic plant and non- allergenic protein ingredients for clinical, infant, and general nutrition. Pevesa is focused on non-GMO, sustainable, plant-based proteins. Pevesa products comprise traditional and organic rice proteins and pea protein isolate, rice protein hydrolysates, and partially hydrolyzed pea. This acquisition will enable to widen its space in the hydrolyzed plant protein space and increase its capability to serve the rapidly growing organic plant protein market. In August 2019, Cargill invested further $75 million in PURIS, the major producer of pea protein in North America. This investment allows PURIS to over double its production of pea protein with the use of the current 200,000 square-foot facility in Dawson, Minnesota, US. This will enable to PURIS position to continue with the emerging adoption of its fibers, pea proteins, and starches. These kinds of initiatives will further enable to meet the demand for pea proteins with high nutritional content, which in turn, will drive the global pea protein market. A full report description of Global Pea Protein Market at https://www.omrglobal.com/industry-reports/pea- protein-market Global Pea Protein Market- Segmentation By Type Pea Protein Isolate Textured Pea Protein Pea Protein Concentrates

  3. By Form Dry Liquid By Application Dietary Supplements Meat Substitutes Bakery and Confectionery Goods Beverages Others Global Pea Protein Market– Segment by Region North America US Canada Europe Germany UK France Spain Italy Rest of Europe Asia-Pacific China Japan India Rest of Asia-Pacific Rest of the World

  4. Request a Free Report on Sample Global Pea Protein Market @ https://www.omrglobal.com/request- sample/pea-protein-market Company Profiles AGT Food and Ingredients Inc. Anchor Ingredients Co., LLC Axiom Foods, Inc. Axys Nutrition TYPEs Pvt. Ltd. Burcon NutraScience Corp. Cargill, Inc. Cosucra Groupe Warcoing SA DuPont de Nemours, Inc. Emsland-Stärke GmbH Farbest-Tallman Foods Corp. Glanbia plc Ingredion Inc. Kerry Group plc NOW Health Group, Inc. Prinova Group LLC Roquette Freres SA Shandong Jianyuan Group Sotexpro The Scoular Co. Verdient Foods Inc. Yantai Oriental Protein Tech Co., Ltd. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/pea-protein-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research based services.

  5. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780-304-0404

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